Aware (NASDAQ:AWRE) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Aware, Inc. (NASDAQ:AWRE) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.63 and traded as low as $1.35. Aware shares last traded at $1.39, with a volume of 53,220 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of Aware in a research report on Monday, April 20th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Aware Stock Down 2.8%

The company has a market capitalization of $30.09 million, a P/E ratio of -3.86 and a beta of 0.99. The company has a 50-day moving average of $1.31 and a two-hundred day moving average of $1.63.

Aware (NASDAQ:AWRE) last released its quarterly earnings results on Wednesday, April 29th. The software maker reported ($0.16) earnings per share for the quarter. Aware had a negative net margin of 45.31% and a negative return on equity of 29.66%. The firm had revenue of $3.39 million for the quarter.

Insider Buying and Selling

In related news, Director John S. Stafford III bought 57,937 shares of the company’s stock in a transaction on Thursday, May 14th. The shares were acquired at an average cost of $1.25 per share, with a total value of $72,421.25. Following the completion of the acquisition, the director owned 5,221,954 shares of the company’s stock, valued at $6,527,442.50. The trade was a 1.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired 164,750 shares of company stock valued at $203,791 over the last 90 days. Insiders own 34.30% of the company’s stock.

Institutional Investors Weigh In On Aware

Several hedge funds have recently added to or reduced their stakes in AWRE. Goldman Sachs Group Inc. boosted its holdings in Aware by 71.6% in the first quarter. Goldman Sachs Group Inc. now owns 34,595 shares of the software maker’s stock worth $55,000 after acquiring an additional 14,436 shares in the last quarter. Vanguard Group Inc. boosted its holdings in Aware by 1.6% in the third quarter. Vanguard Group Inc. now owns 840,650 shares of the software maker’s stock worth $2,026,000 after acquiring an additional 13,070 shares in the last quarter. Pekin Hardy Strauss Inc. bought a new stake in Aware in the third quarter worth $42,000. CIBC Bancorp USA Inc. bought a new stake in Aware in the third quarter worth $193,000. Finally, CIBC Private Wealth Group LLC boosted its holdings in Aware by 14.3% in the third quarter. CIBC Private Wealth Group LLC now owns 80,000 shares of the software maker’s stock worth $193,000 after acquiring an additional 10,000 shares in the last quarter. 24.39% of the stock is owned by institutional investors.

Aware Company Profile

Aware, Inc is a technology company specializing in biometric software and image processing solutions. Its core offerings include fingerprint, face and iris recognition algorithms, biometric template management, and mobile enrolment tools designed to capture and verify identities in secure environments. The company’s software development kits (SDKs) and web services APIs enable system integrators, device manufacturers and application developers to embed biometric and forensic capabilities into their products and services.

Founded in 1986 and headquartered in Bedford, Massachusetts, Aware evolved from an imaging technology provider into a leading vendor of biometric software.